Senior Risk Officer

Job purpose

This role supports the execution of Hyundai Motor Company’s enterprise risk management programme. It is responsible for carrying out risk identification, assessment, monitoring, and reporting tasks, keeping the enterprise risk register and key risk indicators up to date, coordinating with risk owners on mitigation plans, and preparing reliable risk reports for the Risk Manager, senior leadership, and the Audit & Risk Committee.

Key responsibilities

The position covers leadership support, collaboration across functions, business partnering, budget awareness, policy compliance, and authority escalation. It also includes hands-on risk work such as workshops, deep-dive reviews, scenario analysis, monitoring of risk registers and KRIs, tracking of treatment actions, reporting preparation, support for business continuity activities, assistance with insurance coordination, and contribution to risk culture and awareness initiatives.

Leadership and people management

• Assist the Risk Manager in the daily running of the ERM programme and, when assigned, review or guide the work of junior employees, contractors, or interns.
• Coach first-line risk owners and workshop participants, sharing practical risk knowledge and guidance.
• Suggest workable improvements to risk tools and processes and support strategic initiatives assigned to the function.
• Promote change and help strengthen a positive risk-aware culture across the organisation.

Collaboration

• Work with teams such as Internal Audit, Compliance, HSE, Finance, and Project/Operations to collect risk information and support a coordinated assurance approach.
• Exchange knowledge and effective practices within the Risk team to build overall capability.
• Engage constructively with peers and risk owners to keep risk information accurate and current.
• Use support from the wider Audit & Risk department to reduce time spent on administrative work.

Business partnering

• Develop working relationships with risk owners across the business to stay informed about operational changes and how they affect the risk profile.
• Build internal and external relationships that support effective sharing of risk information.
• Assist the Risk Manager with department reporting and Audit & Risk Committee reporting as needed.

Budget monitoring

• Operate within the Risk function’s expense budget and obtain advance approval from the Risk Manager for any changes, including travel and consultant-related costs.

Policies and procedures

• Carry out all work in accordance with the ERM policy, the approved methodology, and the Company’s Delegation of Authority.

Authority and decision making

• Report to the Risk Manager and escalate strategic or critical matters to them.
• Submit decisions with a major impact on the function to the Risk Manager or Head of Audit & Risk for approval.
• Execute assigned risk assessments and engagements within the ERM plan using the approved method.

Risk identification and assessment

• Plan and deliver risk identification and assessment activities, including facilitating or co-facilitating workshops with risk owners and documenting risks, causes, consequences, and controls.
• Apply the company’s risk scoring approach consistently and prepare assessment outputs for review by the Risk Manager.
• Complete assigned deep-dive reviews and scenario analysis for selected risk areas such as supply chain and logistics, project delivery, and compliance.

Risk register and monitoring

• Maintain the enterprise risk register on a day-to-day basis, ensuring entries remain complete, accurate, current, and clearly assigned to the right owners.
• Manage and monitor key risk indicators by gathering data, tracking thresholds, and escalating breaches or negative trends to the Risk Manager.
• Continuously scan the horizon to identify new or emerging risks for escalation.

Risk treatment tracking

• Follow up on mitigation and treatment action plans, challenge revised completion dates, escalate overdue items, and confirm closure once actions are finished.

Risk reporting

• Draft risk reports, heat maps, KRI dashboards, and Audit & Risk Committee materials for review by the Risk Manager, ensuring rating consistency and clear communication of key messages.
• Help consolidate risk information into broader enterprise themes.

Business continuity support

• Support the Business Continuity Management programme under ISO 22301, including business impact analysis, continuity plan updates, and the coordination and documentation of continuity tests.

Insurance and risk transfer support

• Assist with coordination of the corporate insurance programme by maintaining asset and exposure information and liaising with the Risk Manager and brokers when needed.

Risk culture and awareness

• Contribute to risk training and awareness activities and support efforts to embed risk ownership in first-line teams.

Requirements

• A bachelor’s degree in any discipline is required; finance, engineering, business, or a related field is preferred.
• A recognised risk credential such as CRMA, FRM, PRM, ISO 31000, or an equivalent qualification is preferred.
• Additional certifications such as CIA, CPA, ACCA, or CFE are considered an advantage.
• At least 5 to 7 years of experience in risk management, internal audit, or assurance within a complex organisation or Big 4 firm is required, preferably with exposure to automotive or manufacturing environments.

Additional information

This position is based in King Abdullah Economic City, Makkah, Saudi Arabia, and is a full-time onsite role.